The BP Statistical Review of World Energy 2006 was released on June 14. Published annually by BP, the Review contains detailed data on worldwide energy production and consumption with this latest edition including data up to the end of 2005. Some highlights from the press release that announced the Review:
- World energy growth slowed in 2005 with an increase of 2.7 per cent, down from the 4.4 per cent increase in 2004 which was the largest rise for 20 years.
- Energy consumption in the United States fell by 0.1 per cent last year...the decline in US oil consumption was concentrated in the last four months of the year, after the hurricanes.
- China also experienced a reduction in energy consumption growth, from
15.5 per cent in 2004 to 9.5 per cent in 2005.
Oil: Prices rose further, a development considered to be due less to 'fundamentals' than to the perception of risk, exacerbated by limited spare capacity. Growth in oil consumption fell from 1.8 million barrels a day to 1 million barrels a day. Oil production growth in 2005 was 889.000 barrels a day, equivalent to one per cent, with OPEC supplying almost all of the growth.
Gas: World gas consumption growth also fell back in 2005 although the fall - 2.3 per cent - was less than that of oil.
Coal: Coal continued to be the fastest growing fuel thanks to China which consumes 36.9 per cent of the world's coal, almost all of which is domestically produced. Chinese coal consumption rose by 10.9 per cent in 2005, down from 14.4 per cent in 2004. Coal growth outside China was modest, up by 1.8 per cent in 2005, just slightly ahead of the 10 year average of 1.5 per cent. International coal is now relatively cheap with prices having risen less than gas and then falling back faster. The cost of carbon has yet to critically impact fuel choice.
Nuclear: Nuclear output edged up a mere 0.6 per cent in 2005...in the Asia-Pacific four new reactors were connected to the grid.
Hydroelectricity: Hydroelectricity had an increase of 4.2 per cent, largely due to continued growth in China which remained the world's largest hydro producer.
Renewables: Wind power capacity continued its annual increase of 28.6 per cent in 2005 but still only generates an estimated 0.7 per cent of worldwide electricity.
Global ethanol production increased by 10 per cent in 2005, reaching 16 million tonnes of oil equivalent or about 0.4 per cent of world oil consumption.
- The BP Statistical Review of World Energy is available here. The website contains all the tables and charts found in the printed edition plus some additional data, an energy charting tool and a conversion calculator.
- The full press release can be found here. A free hard copy of the Review can be odered from the press release page.
This is a must have for those interested in energy.